Quick Overview

• (Bloomberg) -- All the soybeans in Iowa won’t be enough to meet the anticipated surge in China’s imports over the next four years as the nation feeds a record pig herd and drives bean prices to an all-time high.

• Procter & Gamble (PG) raised the quarterly dividend by 9% to 52.5 cents

• Two of the Fed's most powerful officials said the U.S. central bank should stick to its super-easy monetary policy, arguing inflation is not a threat and unemployment remains too high.
• The Fed needs to keep an easy monetary policy in place while the government comes to grip with its debts, the IMF said.

• PIMCO, the world's largest bond fund, has shifted to a short position in U.S. bonds